Boiler Industry Trends
The global boiler market continues to grow across multiple sectors
According to Global Market Insights, the global boiler market size is estimated to be approximately $112.2 billion in 2025, projected to grow from $122.4 billion in 2026 to $220.9 billion in 2035, with an annual compound growth rate of 6.8%.
By segment, the global industrial boiler market is projected to grow from $16.13 billion in 2025 to $17.23 billion in 2026, with a compound annual growth rate of 6.9%. The global commercial biomass boiler market reached $2.288 billion in 2025 and is expected to reach $3.39 billion by 2032, with a compound annual growth rate of 5.8%. The global waste-to-energy boiler market was valued at $5.72 billion in 2025 and is projected to reach $7.98 billion by 2032, with a compound annual growth rate of 4.87%
